London Olympics cost 400 mln pounds – British govt.October 23, 2012 - 15:51 AMT PanARMENIAN.Net - The British government says the London Olympics cost around 400 million pounds ($600 million) less than expected. According to AP, the final financial report for the games projects that the cost will be 8.921 billion pounds ($14.285 billion) from an original budget of 9.298 billion pounds ($14.878 billion). Savings came from a drop in security, transport and construction costs for the Olympics and Paralympics. As a result of those savings and the unused part of the contingency budget, 480 million pounds ($770 million) is left unspent. The government says this will cover "risks" linked to the revamping of the Olympic Park. Olympics minister Hugh Robertson says "it is a significant achievement to deliver this large and complex program on time and under budget." Top stories Armenian gymnast, Olympic bronze medalist Artur Davtyan has reached the finals of the World Cup. Gor Manvelyan has denied reports alleging that he has expressed a desire to one day play for the French national team. Roma midfielder Henrikh Mkhitaryan is not considering FC Spartak Moscow as his next haven, according to fresh reports. 10 Armenian lifters will compete in the 2021 World Championships scheduled to be held from 7 to 17 December in Tashkent. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |